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Bring Bun and Cream Separately: TN Hotelier's GST Quip Sparks Reaction from FM Sitharaman

   14 September 2024 at 17:28

In a recent interaction held in Coimbatore with the Union Finance Minister Nirmala Sitharaman, a hotelier tried to make her understand the complexity of GST in India comically.

Posted in GST |   3144 Views


Finance Minister Examines GST Requests from Hotels for Food Items

   14 September 2024 at 09:25

Finance Minister Nirmala Sitharaman announced in Coimbatore on Thursday that a Group of Ministers (GoM) is actively reviewing the demands of the hotel industry regarding GST on various food items.

Posted in GST |   3321 Views


TCS Employees Receive Income Tax Demand Notices Over TDS Claims

   14 September 2024 at 09:20

Employees of Tata Consultancy Services (TCS) have recently been issued tax demand notices by the Income Tax Department over discrepancies in their Tax Deducted at Source (TDS) claims.

Posted in Income Tax |   5490 Views


Punjab Govt Joins Pilot Project for B2C E-Invoicing to Boost Tax Compliance

   14 September 2024 at 09:19

In a significant move to bolster tax compliance, the Punjab government has volunteered to participate in a pilot project for business-to-consumer (B2C) e-invoicing.

Posted in GST |   4896 Views


GST Council Imposes 18% GST on Private School Affiliation Fees

   14 September 2024 at 09:17

The 54th GST Council meeting brought an unexpected blow to private schools affiliated with boards such as the Punjab School Education Board (PSEB) and the Central Board of Secondary Education (CBSE).

Posted in GST  3 comments |   30165 Views


Experts Highlight Excessive IGST Allocation to States, Urge for Corrective Measures

   13 September 2024 at 09:20

The Central Government has established an internal committee to investigate the "negative balance" in IGST collections, a move that tax experts attribute to excessive IGST transfers to some states due to settlement discrepancies

Posted in GST |   2025 Views


4 GST Officials Arrested for Fake Raid, Extortion of Rs 1.5 Crore from Bengaluru Businessman

   13 September 2024 at 09:19

In a shocking development, four officials of the Goods and Services Tax (GST) department were arrested on Wednesday by the Central Crime Branch (CCB) in Bengaluru.

Posted in GST |   4269 Views


Finance Ministry Grants GST Relief to Advertising Agencies and Automobile Dealers

   13 September 2024 at 09:18

On Wednesday, the Union Finance Ministry issued several circulars, providing much-needed relief to various sectors, including the automotive industry, data hosting services, advertising agencies catering to foreign clients, and exporters.

Posted in GST |   3894 Views


E-Invoicing System to Enable GST Refunds for Foreign Tourists

   12 September 2024 at 09:16

In a significant move aimed at boosting tourism and aligning with global practices, the GST Council on Monday announced steps towards refunding GST to foreign tourists purchasing goods in India

Posted in GST |   1032 Views


Top IT Firms TCS, Infosys, Tech Mahindra Hit with Wave of GST Notices Across Multiple States

   12 September 2024 at 09:13

Over the past six to seven weeks, leading Indian IT firms, including Tata Consultancy Services (TCS), Infosys, Tech Mahindra, and LTIMindtree, have been hit with a wave of penalty and tax orders from GST departments nationwide.

Posted in GST |   3714 Views



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